AML / KYC

US Issues New Russia Sanctions, EU Approves 6th Package

02/06/2022

The US is targeting more Russian government and business officials and technology. The EU approved an embargo on seaborne oil imports.

Securities / Derivatives

CSRC to Strengthen Integrity of Securities Issuance Practices

02/06/2022

The guidelines aim to improve systems and mechanisms used by intermediaries to prevent dishonest practices and corruption in securities issuance activities.

Securities / Derivatives

HKEX to Revise Position Limits for Single Stock Options, Futures

02/06/2022

HKEX also proposes to remove the additional position limits that apply to mini-HSI and mini-HSCEI futures and options contracts.

ESG / Sustainability

Japan FSA Drafts Indicators to Assess Social Projects

02/06/2022

A draft set of indicators have been published which issuers can use to help them assess the social impacts of projects financed with social bonds.

ESG / Sustainability

China to Drive Decarbonisation Through Tax and Fiscal Policy

02/06/2022

National low-carbon transition funds will be established and existing government investment funds will help to facilitate decarbonisation.

Securities / Derivatives

Korea FSS to Form Taskforce Targeting Illegal Short Selling

02/06/2022

The task force will first conduct fact-finding inspections and investigate areas with a high probability of short selling violations.

Bangladesh Moves Towards Market Based Exchange Rates

02/06/2022

A policy requiring banks to quote uniform rates has been abandoned. Banks can base their FX rates on supply and demand.

SAFE Allows High-tech Firms to Increase Overseas Borrowing

02/06/2022

High-tech companies in 17 provinces/cities can borrow funds from overseas to finance R&D and accelerate their development.

Crypto / Digital Assets

UnionBank Issues Philippines’ First DLT-based Digital Bond

02/06/2022

The issuance follows a POC project to optimise bond issuance workflows between STACS and PDTC, the Philippines’ national CSD for debt and equities.